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COMPANY ANNOUNCEMENT: New Bond Issue
26/07/2017

The following is a Company Announcement by Simonds Farsons Cisk plc pursuant to Listing Rule 5.16.12 of the Malta Financial Services Authority Listing Rules

New Bond Issue

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The Board of Directors of Simonds Farsons Cisk plc (“SFC” or the “Company”) has approved the following company announcement.

On the 19 July 2017, the Company announced that it had resolved that an application be submitted to the Listing Authority of the Malta Financial Services Authority (the “Listing Authority”) requesting the admissibility to listing of €20,000,000 Simonds Farsons Cisk plc Unsecured Bonds 2027 (the “New SFC Bonds”) and for an application to be submitted to the Board of Directors of the Malta Stock Exchange (the “Exchange”) for the New SFC Bonds to be admitted to the Official List of the Exchange.

To this effect, a formal application has today been submitted to the Listing Authority for the New SFC Bonds to be admitted to listing on a regulated market and to the Board of Directors of the Exchange for the New SFC Bonds to be admitted to the Official List of the Exchange.

Subject to the approval of the New SFC Bonds and subject to their effective admission, part of the net proceeds from the New SFC Bonds will be used by the Company to finance the redemption of the €15,000,000 6% Simonds Farsons Cisk plc Bonds 2017-2020 (MT0000071226) (the “Existing SFC Bonds”). The Company will, subject to certain conditions, be granting holders of the Existing SFC Bonds as at 01 August 2017 (with the last applicable trading date being 28 July 2017) (the “Cut-Off Date”) preference, to subscribe for New SFC Bonds, by surrendering (in whole or in part) the corresponding nominal value of the Existing SFC Bonds. Subject to availability, holders of Existing SFC Bonds will also have preference to subscribe for New SFC Bonds in excess of their holding of Existing SFC Bonds.

SFC will provide further information on the issue of the New SFC Bonds following the necessary approval by the Listing Authority.